Profits down 34% at Marks & Spencer
Marks & Spencer's half-year profits have fallen by a third after sales suffered in the toughest conditions to hit the retailer since the early 1990s.
The 34% decline in profits to £297.8 million came after UK like-for-like sales slid 5.7% in the six months to September 27.
Executive chairman Sir Stuart Rose described trading during October as volatile and said the company remained cautious about the outlook for the remainder of its financial year.
